R. T. ("Tom") Pinchback
President and CEO of Pinchback & Associates
Professional Experience:
Executive Director/Board Member of Molina Healthcare of Texas, an HMO subsidiary of a NYSE managed care organization. Senior executive responsible for the Texas market including market entry and development, operations, state contract procurement, state government relations, and legislative activities.
Acquisition and Divestiture executive at Paracelsus Healthcare Corporation (formerly Champion Healthcare Corporation), a NYSE hospital management company with 34 facilities in 11 states. He was responsible for acquisition and divestiture of corporate subsidiaries, hospital facilities, medical practices, and medical office buildings; negotiated the sale of 20 hospitals, nursing homes and related medical office buildings within a short critical period of time allowing the company to meet its goals, Wall Street expectations, and significantly improving the company’s financial position, assisting in turning expected losses into gains.
President and CEO of Applied Genetics, a regional comprehensive genetics services company serving physicians and patients with cytogenetic, molecular genetic, molecular oncology laboratory studies, genetic counseling, and clinical evaluations. Positioned the company for growth in a turbulent health care market by acquiring technology, forming strategic partnerships, and acquiring capital.
President and CEO of Renewed Materials, a privately held recycling company that utilized a patented technology to recycle auto and truck tires into usable and marketable products. Organized the company, acquired all required patents, negotiated tax abatements, acquired the facilities, and managed the construction of the manufacturing plant. Developed and implemented technology.
President and CEO of Pinchback & Company, a brokerage firm specializing in the acquisition, divestiture, and development of real estate. The company brokered and managed land, retail centers, office buildings, and developed a medical facility. He also managed the turnaround of a $200M+, 1400 acre residential development including a world class country club, golf course, and Seniors PGA tournament.
Treasurer of KMS Ventures, the Kozmetsky family asset management company (George Kozmetsky was a founder of Teledyne and was Dean of the UT-Austin School of Business), responsible for venture capital and real estate activities.
Eight years public accounting as a staff accountant, senior staff, and partner.
Education:
Tom is a graduate of Sam Houston State University with a BBA - Accounting degree, earned his Certificate of Public Accountancy in 1974 and Texas Real Estate Broker’s License in 1979.
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Michael M. Brooks
Principal, Pinchback & Associates
Professional Experience:
Vice President - Development (Acquisitions and Divestitures) & Florida Operations for Youth and Family Centered Services, Inc. (“YFCS”) Austin, Texas. A $200 million, privately owned, behavioral health and specialty education management company operating 25 facilities in 8 States serving 4,200 children and adolescents daily. He was responsible for the acquisition and divestiture of the company’s business units; reported directly to the Chairman, CEO, and President and assisted him with special projects.
President and Founder of TriCord Advantage Corporation. The Woodlands, Texas. A private company engaged in providing consulting services, interim executive management for hospitals, and professional services for hospital companies seeking acquisitions or divestitures. Responsible for the formation, organization and operations of the company. Assignments included serving as interim CEO of the following hospitals: 200 bed Heartland Health System in Fargo, North Dakota; 244 bed Park Place Medical Center in Port Arthur, Texas and 138 bed Mid Jefferson Hospital in Nederland, Texas ; 128 bed Leland Medical Plaza in Garland, Texas ; and development consultant to Memorial Hermann Hospital System in Houston, Texas regarding development of a free standing Heart Hospital and related physician investment in the multi-million dollar project.
Senior Vice President - Development (Acquisitions and Divestitures) of Paracelsus Healthcare Corporation (formerly Champion Healthcare Corporation) Houston, Texas. A $370 million, publicly traded, hospital management company operating 10 medical-surgical hospitals located in seven states with 1,287 beds.
He was responsible for the acquisition and divestiture of the company’s hospital business units. As one of the four original members of the senior management team of Champion Healthcare Corporation, was instrumental in the start-up of operations when the company owned only one hospital. Consequently, was involved in managing almost every area of the company, while it grew from one to 31 hospitals by August 1996. These areas included hospital operations, operations finance, human resources, risk management, information systems, administration and business development. Successfully led and managed divestiture of 21 hospitals and four nursing homes prior to departing the company in a downsizing of management.
President and Co-Founder of MillBrook, Inc. Arlington, Texas. A privately owned hospital management company. As a Co-Founder and 50% shareholder/owner, He was President and CEO of this hospital management and consulting company, that acquired, owned and operated Landmark Medical Center (formerly Hotel Dieu Medical Center), a 355-bed hospital in El Paso, Texas, and performed consulting services for hospital management companies following the sale of the hospital.
Vice President of Republic Health Corporation Dallas, Texas. An $800 million, publicly traded, hospital management company consisting of 54 hospitals and 3,700 beds located in 14 states. He was hired as the assistant corporate controller. Promoted to corporate controller in December 1983 with responsibility for all company corporate accounting. Elected by the board to Vice President and Controller (the company’s Chief Accounting Officer), assuming responsibility for company-wide accounting and financial reporting, including SEC compliance and registration. Assigned to hospital operations and became responsible for all operations of the Dallas Region of owned hospitals, a $50 million region of the Medical-Surgical hospital division. Reassigned to development (acquisitions and divestitures) and resigned from the company in the wake of a leveraged buyout of the company. During his tenure, the company grew from 5 hospitals to 54 hospitals and became the fifth largest publicly traded investor-owned hospital chain in the U. S. The company was later renamed ORNDA, and was ultimately merged into Tenet Healthcare Corporation.
Vice President & Treasurer (Chief Financial Officer) of Pengo Industries Inc. Fort Worth, Texas. A $200 million, publicly traded, oilfield services and equipment manufacturing company with 32 subsidiaries and 4,000 employees. He was hired as the Controller and SEC Compliance Manager, with responsibility for company-wide accounting and financial reporting, including SEC compliance and registration. Promoted to Vice President and to Treasurer and Chief Financial Officer. During his tenure the company grew from an $80 million spin-off of another public company to a $200 million independent public company, with operations in most of the oil producing states in the USA. This rapid growth was achieved principally through acquisition of other oilfield service companies. Significant experience was gained in acquisitions and divestitures and the related legal, financial and regulatory processes required to complete such transactions.
Audit and Tax Manager at KPMG Peat Marwick, LLP. Fort Worth, Texas. An international public accounting firm with worldwide operations. As a certified public accountant, he provided service to clients in both audit and tax practices of the Fort Worth, Dallas and Midland, Texas offices of the firm for seven years.
Education:
Michael is a graduate of the University of Texas at Arlington with a Bachelors of Business Administration degree, earned his Certificate of Public Accountancy in 1976.
